The basketball legend, who was the main owner of the Charlotte Hornets for 13 years, sold the club for three billion dollars.
It has been known that the legend who has been the main owner of the NBA club Charlotte Hornets since 2010 Michael Jordan sell off its majority stake. Got it his seal on Thursdaywhen ownership was officially transferred By Gabe Plotkin and By Rick Schnall for the group he leads.
Jordan, 60, still has a minority stake in the club. He also had a minority stake in 2006–2010.
Jordan paid for the club’s main ownership in 2010, among other things According to ESPN 275 million dollars. The deal was now worth about three billion dollars.
Visual Capitalist according to this, it is the sixth most expensive sale of a sports team in the world of all time. Above are the American football (NFL) club Washington Commanders, Chelsea playing in the English Premier League, NFL club Denver Broncos, NBA club Phoenix Suns and NBA club Milwaukee Bucks.
– I am excited that I can give the reins to two successful, innovative and strategic managers. I know that the organization will be in great hands going forward, commented Jordan.
Plotkin already had a minority stake in the Hornets and Schnall in the Atlanta Hawks.
Plotkin and Schnall want to take the Hornets to a new level. Founded in 1988 and sometimes bearing a different name, the club has never won a championship. The last time it won the playoff series was in 2002.
published on the NBA website in his open letter Jordan said that “the opportunity to own an NBA club in my home state and in the city I love was a dream come true.”
– Although my love for basketball and the NBA is still strong, now is the right time to hand over the reins and focus on my family, personal interests and new challenges.
“This is a thank you, not a goodbye, because the state of North Carolina, the city of Charlotte and the Hornets will always hold a special place in my heart.
Michael Jordan is considered the best basketball player of all time. He was leading the Chicago Bulls to six NBA championships in the 1990s.
He was chosen the most valuable player of the series five times and the most valuable player of the finals six times. The American Jordan was about to win Olympic gold twice.
Jordan played a significant role in the growth of the NBA and basketball’s global popularity. One of the most famous athletes of all time also has his own shoe model.